Alibaba Group Holding Ltd - Thomson 158 Reuters https://thomson158reuters.servehalflife.com Latest News Updates Fri, 20 Sep 2024 15:04:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 China’s Alibaba launches over 100 new open-source AI models, releases text-to-video generation tool https://thomson158reuters.servehalflife.com/chinas-alibaba-launches-over-100-new-open-source-ai-models-releases-text-to-video-generation-tool/ https://thomson158reuters.servehalflife.com/chinas-alibaba-launches-over-100-new-open-source-ai-models-releases-text-to-video-generation-tool/#respond Fri, 20 Sep 2024 15:04:00 +0000 https://thomson158reuters.servehalflife.com/chinas-alibaba-launches-over-100-new-open-source-ai-models-releases-text-to-video-generation-tool/ The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024.  CFOTO | Future Publishing | Getty Images Alibaba on Thursday released more than 100 open-source artificial intelligence models and boosted the capabilities of its proprietary technology as it looks to ramp up competition with rivals. The newly-released models, known as Qwen […]

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The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024. 

CFOTO | Future Publishing | Getty Images

Alibaba on Thursday released more than 100 open-source artificial intelligence models and boosted the capabilities of its proprietary technology as it looks to ramp up competition with rivals.

The newly-released models, known as Qwen 2.5, are designed for use in applications and sectors ranging from automobiles to gaming and science research, Alibaba said. They have more advanced capabilities in math and coding, it added.

The Hangzhou-headquartered firm is looking to increase competition with domestic rivals such as Baidu and Huawei, as well as U.S. titans like Microsoft and OpenAI.

AI models are trained on huge amounts of data. Alibaba says its models have the ability to understand prompts and generate texts and images.

Open-source means that anyone — including researchers, academics and companies — around the world can use the models to create their own generative AI apps without needing to train their own systems, saving time and expense. By open sourcing the models, Alibaba hopes more users will use its AI.

The Chinese e-commerce giant first launched its Tongyi Qianwen, or Qwen, model last year. Since then, it has released improved versions and says that, to date, its open source models have been downloaded 40 million times.

The company also said that it upgraded its proprietary flagship model called Qwen-Max, which is not open-source. Instead, Alibaba sells its capabilities through its cloud computing products to businesses. Alibaba said that Qwen Max 2.5-Max surpassed rivals such as Meta‘s Llama and OpenAI’s GPT4 in several areas including reasoning and language comprehension.

Alibaba also launched a new text-to-video tool based on its AI models. This allows users to input a prompt and the AI will create a video based on it. This is similar to OpenAI’s Sora.

“Alibaba Cloud is investing, with unprecedented intensity, in the research and development of AI technology and the building of its global infrastructure,” Eddie Wu, CEO of Alibaba, said in a statement.

Behind China's push to find a domestic alternative to Nvidia

Wu, who took over the role of CEO at Alibaba last year amid a historic reshuffle, has been trying to reinvigorate growth at the tech giant, as it faces headwinds including rising competition and a sluggish Chinese consumer.

Alibaba is one of the biggest cloud computing players in China, but internationally, it trails the likes of Amazon and Microsoft. The company is hoping that its latest AI offerings may tempt customers inside and outside of China to sign up to its cloud services, boosting a division which has been sluggish but showed early sign of an acceleration in the June quarter.

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]]> https://thomson158reuters.servehalflife.com/chinas-alibaba-launches-over-100-new-open-source-ai-models-releases-text-to-video-generation-tool/feed/ 0 2038 Lot of alpha opportunities under the hood in China A-shares: Goldman Sachs https://thomson158reuters.servehalflife.com/lot-of-alpha-opportunities-under-the-hood-in-china-a-shares-goldman-sachs/ https://thomson158reuters.servehalflife.com/lot-of-alpha-opportunities-under-the-hood-in-china-a-shares-goldman-sachs/#respond Fri, 20 Sep 2024 09:03:14 +0000 https://thomson158reuters.servehalflife.com/lot-of-alpha-opportunities-under-the-hood-in-china-a-shares-goldman-sachs/ ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Timothy Moe of Goldman Sachs highlights short-term opportunities in H-shares and long-term potential in A-shares as China’s structural transformation takes shape, but advises a selective approach within these markets. . Source link

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Timothy Moe of Goldman Sachs highlights short-term opportunities in H-shares and long-term potential in A-shares as China’s structural transformation takes shape, but advises a selective approach within these markets.

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]]> https://thomson158reuters.servehalflife.com/lot-of-alpha-opportunities-under-the-hood-in-china-a-shares-goldman-sachs/feed/ 0 2116 Stocks making the biggest moves midday: Tesla, Mobileye Global, Darden Restaurants and more https://thomson158reuters.servehalflife.com/stocks-making-the-biggest-moves-midday-tesla-mobileye-global-darden-restaurants-and-more/ https://thomson158reuters.servehalflife.com/stocks-making-the-biggest-moves-midday-tesla-mobileye-global-darden-restaurants-and-more/#respond Thu, 19 Sep 2024 20:06:04 +0000 https://thomson158reuters.servehalflife.com/stocks-making-the-biggest-moves-midday-tesla-mobileye-global-darden-restaurants-and-more/ Check out the companies making headlines in midday trading: Tech stocks — Key tech names rallied a day after the Federal Reserve’s supersized rate cut decision. Tesla and Meta jumped more than 7% and about 4%, respectively, while chip darlings Nvidia and ASML advanced around 4% and 5%, respectively. Edgewise Therapeutics — Shares skyrocketed more […]

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]]> https://thomson158reuters.servehalflife.com/stocks-making-the-biggest-moves-midday-tesla-mobileye-global-darden-restaurants-and-more/feed/ 0 1618 Stocks making the biggest moves premarket: Darden Restaurants, Nvidia, DoorDash, Coursera and more https://thomson158reuters.servehalflife.com/stocks-making-the-biggest-moves-premarket-darden-restaurants-nvidia-doordash-coursera-and-more/ https://thomson158reuters.servehalflife.com/stocks-making-the-biggest-moves-premarket-darden-restaurants-nvidia-doordash-coursera-and-more/#respond Thu, 19 Sep 2024 15:33:51 +0000 https://thomson158reuters.servehalflife.com/stocks-making-the-biggest-moves-premarket-darden-restaurants-nvidia-doordash-coursera-and-more/ Check out the companies making headlines before the bell: Darden Restaurants — Shares advanced nearly 11% after the restaurant operator announced a multiyear partnership with Uber for on-demand delivery later this year. The company reported weaker-than-expected quarterly earnings and revenue, however, as its sales weakened at Olive Garden and its fine dining restaurants. NextEra Energy […]

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]]> https://thomson158reuters.servehalflife.com/stocks-making-the-biggest-moves-premarket-darden-restaurants-nvidia-doordash-coursera-and-more/feed/ 0 1650 Stocks making the biggest moves midday: Walmart, Nike, Dell, Tapestry and more https://thomson158reuters.servehalflife.com/stocks-making-the-biggest-moves-midday-walmart-nike-dell-tapestry-and-more/ https://thomson158reuters.servehalflife.com/stocks-making-the-biggest-moves-midday-walmart-nike-dell-tapestry-and-more/#respond Thu, 15 Aug 2024 20:38:30 +0000 https://thomson158reuters.servehalflife.com/stocks-making-the-biggest-moves-midday-walmart-nike-dell-tapestry-and-more/ Check out the companies making headlines in midday trading. Walmart — Shares of the discount retailer jumped 6.6% on strong earnings. Walmart topped Wall Street’s quarterly estimates and lifted its full-year outlook as consumers show ongoing resilience. For the year, the company expects sales to rise between 3.75% and 4.75%, and adjusted earnings to come […]

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